Worldwide Wireless Testing Industry to 2027 - Featuring EXFO, Keysight Technologies and Viavi Solutions Among Others
DUBLIN, May 9, 2022 /PRNewswire/ -- The "Wireless Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global wireless testing market reached a value of US$ 9.8 billion in 2021. Looking forward, the market is projected to reach a value of US$ 14.54 billion by 2027, exhibiting a CAGR of 6.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.
The widespread adoption of wireless testing across various industrial verticals, such as telecom, consumer electronics, automotive, telecommunication and information technology (IT), on account of increasing instances of cyberattacks and fraudulent activities, is one of the prime factors currently driving the market growth. In line with this, significant technological advancements, such as the Internet of Things (IoT), Industrial Internet of Things (IIoT) and machine-to-machine (M2M) communication solutions, for performing real-time machine data transfers and ensuring optimal security are acting as other growth-inducing factors.
Moreover, the advent of next-generation wireless machinery for designing interface, testing mobile devices and introducing multiple-antenna solutions, including multiple-in multiple-out (MIMO), long-term evolution (LTE) advanced, and beamforming is contributing to the market growth. The sudden outbreak of coronavirus disease (COVID-19) pandemic and the consequent deployment of work-from-home (WFH) corporate model has intensified the risks of data vulnerability, which, in turn, is contributing to the market growth.
Other factors, such as strategic collaborationsamongst key players and escalating investments in the research and development (R&D) activities for executing pre-conformance evaluation and optimizing the performance of cellular and deployed networks, are creating a positive outlook for the market.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Anritsu Corporation, Bureau Veritas, Dekra SE, Electro Magnetic Test Inc., Eurofins Scientific, EXFO Inc., Intertek Group PLC, Keysight Technologies, Rohde & Schwarz GmbH & Co. KG, SGS S.A., Thales Group, TUV Rheinland and Viavi Solutions Inc.
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3 Executive Summary
For more information about this report visit https://www.researchandmarkets.com/r/qw7jfz
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